Can I Pay the Down Payment Without Seeing the Car?
1 Answers
It is not recommended to pay the down payment without seeing the car. Here is some relevant knowledge about paying a down payment for a car: 1. Down payment timing: Currently, most 4S stores operate on a pre-order basis. The down payment is made when the car arrives, followed by either applying for a loan or paying the full amount directly, and then signing the contract. 2. Difference between deposit and earnest money: Earnest money has a guarantee nature. In case of a breach by one party, the agreement between the two parties will be followed if there is one. If there is no agreement, the seller must return double the earnest money to the consumer if the seller breaches the contract. If the consumer breaches the contract, the earnest money will not be refunded. Currently, there are no clear legal provisions regarding deposits, which can generally be understood as advance payments. In case of a breach by one party, the agreement between the two parties will be followed if there is one. If there is no agreement, the seller must unconditionally refund the deposit if the seller breaches the contract. If the consumer breaches the contract, it can be resolved through negotiation, and the consumer can request a refund from the seller.